Balance Sheet Details (Tables)

9 Months Ended

Apr. 02, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of components of inventories

The components of inventories were as follows (in millions):

	April 2, 2022		July 3, 2021
Raw materials and purchased parts	$	78.0	$	64.4
Work in process	99.8		79.0
Finished goods	46.2		53.0
Inventories	$	224.0	$	196.4

Schedule of operating lease, right-of-use assets, net

Operating lease right-of-use assets, net were as follows (in millions):

	April 2, 2022		July 3, 2021
Operating lease right-of-use assets	$	101.0	$	87.3
Less: accumulated amortization	(26.7)		(19.9)
Operating lease right-of-use assets, net	$	74.3	$	67.4

Schedule of components of property, plant and equipment, net

The components of property, plant and equipment, net were as follows (in millions):

	April 2, 2022		July 3, 2021
Land	$	49.4	$	38.2
Buildings and improvement	98.9		92.7
Machinery and equipment	535.8		498.3
Computer equipment and software	31.0		28.6
Furniture and fixtures	8.8		8.8
Leasehold improvements	35.4		33.9
Finance lease right-of-use assets	—		28.1
Construction in progress	45.0		43.4
	804.3		772.0
Less: Accumulated depreciation	(447.9)		(410.9)
Property, plant and equipment, net	$	356.4	$	361.1

Schedule of components of other current liabilities

The components of other current liabilities were as follows (in millions):

	April 2, 2022		July 3, 2021
Restructuring accrual and related charges (1)	$	0.1	$	5.7
Warranty accrual (2)	9.1		5.0
Deferred revenue and customer deposits	—		0.6
Income tax payable (3)	17.1		43.5
Other current liabilities	5.3		3.0
Other current liabilities	$	31.6	$	57.8

(1) Refer to “Note 11. Restructuring and Related Charges.”

(2) Refer to “Note 14. Commitments and Contingencies.”

(3) Refer to “Note 12. Income Taxes.”

Schedule of components of other non-current liabilities

The components of other non-current liabilities were as follows (in millions):

	April 2, 2022		July 3, 2021
Asset retirement obligations	$	4.7	$	4.7
Pension and related accrual (1)	11.2		10.8
Unrecognized tax benefit	26.4		23.0
Other non-current liabilities	0.5		2.4
Other non-current liabilities	$	42.8	$	40.9

(1) We have defined benefit pension plans in Japan, Switzerland, and Thailand. As of April 2, 2022, the projected benefit obligations, net of plan assets, in Japan, Switzerland and Thailand were $2.8 million, $4.9 million and $3.5 million, respectively. As of July 3, 2021, the projected benefit obligations, net of plan assets, in Japan, Switzerland and Thailand were $2.9 million, $4.8 million and $3.1 million, respectively. We typically re-evaluate the assumptions related to the fair value of our defined benefit obligations annually and make any updates as necessary.